Payments firms are finding themselves increasingly under the regulatory spotlight. Key themes of supervisory focus include fraud and anti-money laundering, safeguarding of customers' funds, and increasingly operational resilience and consumer duty implementation. In its latest Dear CEO letter, the FCA flagged that they “…remain concerned that many payments firms do not have sufficiently robust controls and that as a result some firms present an unacceptable risk of harm to their customers and to financial system integrity…”.
As part of the FutureMonday webinar series, Deloitte Legal's Richard Storey joined subject matter experts from across Deloitte to discuss the key priority areas and considerations for payments firms.
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